they're coming to europe and especially the usa and canada are troubled a lot. which is very, very good. >> where is the money coming from? >> the usa and canada, we will now have to focus in brazil and china, which are emerging economies. >> and, james, do you find it at all encouraging if there's a balancing away from the european sector in europe? is it something that needs to happen or is it still going to remain on positive industry? >> it was this policy or per referee that southern european countries had on the falling back every time there was a bit of a problem economically rather than more aggressively and maturely dealing with productivity. so in some respects, it's a good thing for those countries except if it's a slow transition and the problems have arrived quite fast. and i think the point that you made is absolutely right. many people in the word used to love going to italy, spain, greece, as soon as there was a devaluation. because suddenly the drinks were cheaper and so was the hotel. and that drag isn't really occurring. >> and look at our pla